Money talks – Vocabulary and Phrases
pension – an amount of money paid regularly by a government, company, or financial institution to someone who is officially considered to be too old or too ill to earn money by working
He lives in a modest house on a small pension.
tax – an amount of money that you must pay to the government according to your income, property, goods, etc., that is used to pay for public services
The President said he would decrease taxes for middle-income America.
commission – money paid to sb for selling goods which increases with the quantity of goods sold
I get a basic salary plus a commission – the percentage on everything I sell.
royalty – a payment made to someone who owns a copyright or a patent, e.g. an inventor or the writer of the book. It depends on the number of products or copies of the work which are sold
Gingrich was paid $2.2 million in royalties for his best-selling book, "To renew America".
exchange rate – the price at which one currency can be bought with another
If the yen-dollar exchange rate remains at its present level, US exporters could lose $5 billion to $10 billion in business a year.
in the black – making profit
The group is still in the black but trading in the first two months of the year has been difficult.
in the red – to owe more money than you have
Analysts expect the company will be in the red for the full year.
to withdraw/withdrew/withdrawn from – the amount of money from a bank account
He withdrew 300 dollars from his account and went gambling.
to transfer between accounts – to move money or investment from one account to another
Customers can transfer money instantly using the bank's automated machines.
severance payment – money offered to an employee when a company tells them to leave
The company hasn't yet negotiated severance payments for the 70 employees affected by the closure.
fat cats – a rich person, especially someone who does not deserve to be rich
He's one of the fat cats on Markle Foundation's board.
a tip – a small amount of additional money that you give to someone such as a waiter in order to thank them for their services
She gave the taxi driver a $5 tip.
discount – a reduction in the cost of goods or services in relation to the normal cost
You can nearly always get books there at a discount.
income – money that you earn from your job or that you receive from investments
The family pays more than 50% of its income for rent.
loan – money borrowed from a bank, financial institution, person, etc. on which interest is usually paid to the lender until the loan is repaid
The couple took out and repaid several loans to build up their business.
deposit – an amount of money paid into a bank account or held in a bank account
Residents have some $4 billion in deposits in local financial institutions.
to owe money – to have to pay someone for goods or services they have sold to you, or to have to repay money someone has lent you
The Russians owe Finnish paper exporters about $22million.
to borrow money – to receive money from a person or organization which you must pay back later
I borrowed money from the bank and now I have to repay it in full.
to lend money – to let somebody borrow money from you or use something that you own, which they will give back to you later
Can you lend me $20 till Friday?
currency – the system or type of money used in a particular country
The dollar was lower against European currencies.
to rip somebody off – to charge someone too much money for something, or sell someone a product that is faulty
By charging so much for tickets, football clubs are ripping fans off.
pay something back to sb – to give someone the money you owe them, to repay
He wasn't able to pay back the loan.
pay up – to pay all the money that is owed for something
The rent is paid up for the next six months.
cash – money in coins or notes
I never carry much cash with me.
to cash in on something – to earn a lot of money by taking advantage of a situation
They are developing toys and games to cash in on the popularity of the movie.
to bail somebody or something out (of) – to rescue a person or an organization from financial difficulties
Private business helped to bail out the museum.
to change money – exchange one currency for another, e.g. dollars for euros
You can change some money at the airport.
to throw money around – spend money in an obvious and careless way on unnecessary things
If Jim keeps on throwing his money around like that, he soon won't have any left.
to waste money on – spend money in a bad way
Sara wasted all her money on clothes and fast cars.
to donate money to – give money to help society in some way
The business donates a lot of money each year to charity.
to raise money – to bring together, to collect money, to manage to obtain money
When he left school, he raised enough money through the bank to buy his first shop.
to make a fortune – to make a large amount of money
He made a fortune buying and selling property.
the price soared – went up very fast
Despite soaring prices, business is good.
the price went down – decreased
After a few weeks, the amount of fuel went up and the price went down.
reasonable price – neither too cheap, nor too expensive
If software manufacturers provided reliable software at a reasonable price piracy would die a natural death.
ridiculous price – much too cheap or much too expensive
The ridiculous price of $30.00 includes round trip transportation, accommodation, dinner and guided hikes through the extremely unique (extremely New Zealand) Waitakere Ranges!!
rock bottom price – the lowest price possible
The company said it could continue to prosper through strict cost controls and rock-bottom prices.
to tie the money up – to use money for something so that it is not easily available
Her cash is all tied up in real estate.